May 26, 2014; Miami, FL, USA; Indiana Pacers guard Lance Stephenson (1) drives to the basket as Miami Heat guard Norris Cole (30) defends in game four of the Eastern Conference Finals of the 2014 NBA Playoffs at American Airlines Arena. Mandatory Credit: Steve Mitchell-USA TODAY Sports

Lance Stephenson Inks With Charlotte Hornets


Lance Stephenson is now off the board.

According to Rick Bonnell of the Charlotte Observer, Stephenson has agreed on a three-year, $27 million contract with the Charlotte Hornets.

After losing out to the Utah Jazz on restricted free agent Gordon Hayward last week, the Hornets quickly turned their attention to Stephenson. Who turned down a five-year, $44 million (reportedly) contract from the Indiana Pacers earlier this offseason.

Bonnell reported that the Hornets were “open to the prospect” of signing Stephenson last night, and officially agreed to a deal within hours — they moved fast.

[Charlotte Observer]

Tuesday, following the summer Board of Governors meeting, Pacers owner Herb Simon reiterated to the Indianapolis Star that his franchise believes its offer to Stephenson is more than fair.

“We made him a wonderful offer and they didn’t think it was enough, so it’s a simple situation,” Simon told the Star.

The Hornets have plenty of cap room to make Stephenson an offer. Their first choice was Hayward, who they were willing to pay $63 million over four years. The Hornets stayed clear of Stephenson until now, as alternatives dried up.

Stephenson averaged 13.8 points, 7.2 rebounds and 4.7 assists last season. He shot 49 percent overall from the field, and 35 percent from three-point range.


Tags: Charlotte Hornets Indiana Pacers NBA NBA Free Agency

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